Sugar price completes the positive pattern – Forecast today - 29-03-2024
Economies.com
2024-03-29 01:49AM UTC
Sugar Price Analysis
Expected Scenario: Continuing Bullish Trend
- Sugar price managed to breach the $22.20 level and close the daily candlestick above it, completing the formation of the double bottom pattern and providing positive momentum expected to push the price towards gains surpassing $22.60 to reach $23.80.
- The bullish trend will remain valid and suggested on the intraday basis, with the importance of holding above $21.35 to achieve the awaited targets.
Expected Trading Range for Today
- Support: $22.00
- Resistance: $22.70
Trend Forecast: Bullish
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